Utilitarianism is the main ethical theory

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Utilitarianism is the main ethical theory at play in the Black Jewel bankruptcy case. The most ethical course of action is the one that results in the greatest good for the largest number of people, according to utilitarianism, a consequentialist theory of ethics. The utilitarian viewpoint in the Black Jewel case would contend that the company's bankruptcy is unethical because it negatively affects a lot of people, including the miners and their families, the local communities where the mines are located, as well as the suppliers and other businesses that depend on the mines. The miners lose their jobs, health insurance, and other benefits as a result of the bankruptcy, which also hurts the regional economies.

Reference no: EM134039043

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